6/25-27 Passage Street, Cleveland QLD 4163
6/25-27 Passage Street, Cleveland QLD 4163
3-bed townhouse | water-view potential | coastal Cleveland pocket | compact 64m² lot | lifestyle-led demand
This townhouse sits in a small near-water Cleveland complex where the configuration is consistently three bedrooms, two bathrooms, and one secure car space. What gives it genuine edge is the coastal positioning—upper-level units in this building can capture water views across to Stradbroke Island, which is rare for townhouse stock in the suburb. The complex itself offers modern coastal living with air-conditioning, intercom, security screens, granite benchtops, and private patios, all within walking distance of the ferry, harbour, beaches, shops, and cafés. That combination of low-maintenance living and lifestyle proximity makes it most suitable for downsizers, owner-occupiers, and lifestyle buyers who want the everyday convenience of Cleveland without the upkeep of a detached house.
The compact lot size and three-level vertical layout may limit appeal for those seeking ground-level accessibility or outdoor space, and the townhouse format inherently offers less privacy and land content than detached housing. The property’s value may be influenced by the specific floor level and orientation, as water views are not guaranteed across all units, and the established nature of the complex suggests potential for older finishes that might require updating. Buyers should weigh the lifestyle premium against the smaller footprint and consider how the unit’s position within the building affects light, outlook, and noise.
|| Comparable Sales: 10/25-27 Passage Street sold $700,000; 11/25-27 Passage Street sold $640,000 | Property Price Band: $600,000–$700,000 | Value Drivers: water-view aspect, upper-level positioning, condition and presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 6/25-27 Passage Street, Cleveland QLD 4163
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Cleveland’s residential market trades at a median house price of about $1.25 million, with annual growth of 16-18%, while units sit near $800,000 and have risen 10-22%. Demand is driven by interstate migrants from southern capitals, along with investors attracted by relative affordability and a very low vacancy rate. Homes sell in roughly 23 days, with tight inventory supporting quick turnover. The suburb’s dominant cohort—couples in their sixties, mostly professionals, with high owner-occupation—keeps stock low and stability high. Future growth is underpinned by Southeast Queensland infrastructure investment and 2032 Olympic momentum. Key constraints include affordability pressure after price doubling and higher rates, plus chronically low supply that intensifies buyer competition.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 10/25-27 Passage Street sold $700,000; 11/25-27 Passage Street sold $640,000 | Property Price Band: $600,000–$700,000 | Value Drivers: water-view aspect, upper-level positioning, condition and presentation
Bedrooms
3
Bathroom
3
Parking
1
Land
67m²
URL has been copied successfully!